Rental Property Fixed Rate Loan
Braxton & Company is an approved wholesale broker for this program. Offering low interest, fixed rate, 30 year term and amortization. Up to an 80% LTV on acquisitions and up to 75% LTV on a refinance with or without cash-out. Income qualifications are based on the property’s cashflow and not your personal income. No Bankruptcies or Foreclosures in the past 2 years. Contact me to discuss your scenario or to get pre-approved.
Same Day LOI
Minimum FICO 660
No Personal Income Verification, Tax Forms or W-2s
Minimum property value $100,000
Minimum 3 Month Ownership Required For Full-Appraisal Value
No Property Count Maximums
Close within 4 Weeks
$100,000 - $2 million
LTV: Up to 80%*
Interest: from 6.25%**
Term: 30 year
Amort: 30 year
DSCR: 1.20 minimum
Minimum 6 Month Reserves PITI-A
Condominium (warrantable and non-warrantable)
Single Family Home
Planned Urban Developments (PUD)
*Up to 80% LTV on purchase and rate and term refinance. Up to 75% LTV on refinance with cash-out.
**Interest Rate dependent upon credit score, loan-to-value, fixed term and DSCR. Buy-down available.